Pernod Ricard SA (PRNDY)

Executive Summary

Pernod Ricard is a classic deep-value setup hiding inside one of the best brand portfolios in global consumer staples. The world’s second-largest spirits company — owner of Absolut, Jameson, Chivas Regal, Martell, Beefeater, Havana Club, Mumm and Perrier-Jouët — has watched its share price fall roughly 50 percent from the 2021 peak as the post-pandemic spirits destock, a 28 percent collapse in China cognac, and a strong dollar combined to compress reported earnings. At roughly $14.40 per ADR (€63 on Euronext Paris), the stock trades at approximately 13–14x forward earnings, a 5–6 percent free-cash-flow yield, and a 6 percent dividend yield — multiples last seen in the 2009 financial crisis.

What’s Inside The Full Report

• 15-year financial summary table — revenue, net income, GAAP & adjusted EPS
• Valuation framework — current multiples vs. 5-year historical range
• Peer comparison table — multiples, margins, balance-sheet metrics
• Base case, bull case, bear case price targets with explicit math
• Competitive position and economic moat analysis
• Management and capital allocation track record
• Balance sheet review — leverage, credit ratings, distribution coverage
• Insider activity — recent open-market buys / sells with interpretation
• Strategic acquisitions and divestitures history
• Sell-side consensus and where TTCM differs
• Detailed risk factors specific to the name
• Bull case and forward catalysts to watch
• TTCM rating with explicit ADD / TRIM price triggers